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CUT TO THE EXCESSES OF “REVOLVING” CARDS

The Government will limit by law that customers of self-renewing credits increase their debt indefinitely. The Ministry of Economy is preparing a law to modify the Transparency and Protection Order for Banking Services Customers and reinforce the protection of users of credits of indefinite duration or automatic renewal. The objective is to prevent an excessive increase in the interest burden on the debt incurred by the users of these financial credits and which are usually linked...

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